Sell Fine Organic Industries, target price Rs 3200: JM Financial

JM Financial has sell call on Fine Organic Industries with a target price of Rs 3200. The current market price of Fine Organic Industries is Rs 5122. Time period given by analyst is one year when Fine Organic Industries Ltd. price can reach defined target.

Fine Organic Industries Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 15746.35 Crore) operating in Chemicals sector.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 631.26 Crore, up 34.32 % from last quarter Total Income of Rs 469.98 Crore and up 91.74 % from last year same quarter Total Income of Rs 329.23 Crore. Company reported net profit after tax of Rs 122.18 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of 31-Mar-2022, while FIIs owned 7.25 per cent, DIIs 11.64 per cent.